Calculating Present Values [LO1] An investment will pay you $80,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the present value? Input area: Future value of investment # of years Discount rate # of times compounded per year Output area: Present value of investment Calculating Loan Payments [LO2, 4] You want to buy a new sports coupe for $84,500, and the finance office at the dealership has quoted you an APR of 5.2 percent for a 60- month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan? Input area: Value of the car Discount rate # of years # of times compounded per year Output area: Payment Effective interest rate Calculating Annuity Future Values [L01] You are planning to make monthly deposits of $475 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years? Input area: Monthly deposit # of times compounded per year Interest rate on annuity # of years Output area: Future value of annuity